In the first half of 2023, the net sales revenue of the state-owned “Vazovski Mashinostroitelni Zavodi” (VMZ) in Sopot increased by nearly 80% and reached 392 million leva, driven by the increased demand for special production due to the war in Ukraine. As of the middle of the year, VMZ’s turnover already exceeded that achieved…
China has included Bulgaria in the group of countries to which organized tourist groups have the right to travel, the Chinese Ministry of Culture and Tourism has announces. The decision comes into effect immediately, writes Reuters. The restrictions were put in place because of the COVID-19 pandemic, during which China closed its doors to foreigners…
The territorial plans of the three coal provinces Stara Zagora, Kyustendil and Pernik have been published for public discussion. In the following weeks, they will be discussed with the social partners and local residents, and at the end of September they will be sent to Brussels for approval. The development plans are related to payments…
The European Commission has approved, in accordance with EU state aid rules, a Bulgarian measure in the amount of 16 million euros to support the expansion of the Bulgartransgaz gas storage facility in Chiren. Bulgartransgaz will invest around 285 million euros to expand the capacity of the gas storage facility in Chiren, which is the…
According to Bulgarian Ministry of Agriculture, as of December 8, 422.6 thousand ha of corn were threshed, or 100% of the plan (422.8 thousand ha). 2224.7 KMT were harvested with the average yield of 5.26 MT/ha. Average corn yield is 4.4% higher than in 2015. As of December 8, winter wheat had been sown at…
Purchase prices for grains on Bulgaria’s domestic market somewhat sank last week. They were pressured primarily by volatility of the national currency against the U.S. dollar. Overall, the pace of grain market purchases is estimated as stable. Purchase prices for wheat are being pressured by its sufficient supply on the domestic market despite quick sales.…
According to Bulgarian Ministry of Agriculture, as of December 1, 419.2 thousand ha of corn were threshed, which was 99.2% of the plan (423 thousand ha). 2210.2 KMT were harvested with the average yield of 5.27 MT/ha. Pace of harvesting is 0.4% lower than in 2015 due to weather conditions, which are unfavorable for finishing…